Assistant Vice President Compliance

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Employer: Bigul by Bonanza Portfolio

Position: AVP Compliance

Years of Experience: 12 to 15 Years

Community Location: Sanpada, Navi Mumbai

Employment Type: Full-Time

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Company Overview (https://mckinleyrice.com/)

McKinley Rice is not just a company; it's a dynamic community, the next evolutionary step in the world of professional development. Spiritually, we're a hub where individuals and companies converge to unleash their full potential. Organizationally, we are a conglomerate composed of various entities, each contributing to the larger narrative of global excellence.

Redrob by McKinley Rice: The Next Frontier in Professional Development

Propelled by a substantial 4-million-dollar pre-seed investment from top venture capitalists in Korea, Redrob emerges as McKinley Rice's latest venture, marking a new chapter in its expansion. Proudly introducing Redroba groundbreaking AI platformwe're set to redefine professional development.

Going beyond traditional academic measures, Redrob embodies our commitment to nurturing talents and bridging the gap between industry demands and professionals aspirations. Fueled by our funded growth, we're poised to revolutionize recruitment and assessments, ensuring candidates are not just academically proficient but also industry-ready.

Redrob is the cornerstone of our vision to catalyze the formation of A-grade teams for organizations. Through seamless recruitment processes, we aim to be the indispensable right hand, facilitating the creation of high-caliber teams that surpass industry standards.

Know Bigul by Bonanza (www.Bigul.co)

At Bigul, we are working passionately to create an ecosystem for smart investors and traders to envisage, build and execute their Mantra. Bigul, an innovative FinTech platform, originates from Bonanza Portfolio Limited, one of India's most significant and long standing brokerage houses. Bigul has fundamentally transformed the public perception of stock market brokerage, instilling trust where skepticism once prevailed. The strength of Bigul lies in its team - a synergistic blend of seasoned financial experts and dynamic technologists. Bigul stands as a testament to the fusion of technology, financial expertise and customer relationships nurtured by Bonanza.

How to become a part of Bigul and enjoy the benefits:

Step 1: Fill in the application form and register via RedRob.

Step 2: Clear the interview process.

Step 3: Be a part of the team at Bigul!

About the role- Involves ensuring compliance with SEBI & other applicable rules and regulations of the stock exchanges i.e NSE & BSE, and depositories, clearing corporations, daily settlements, return filing, client communications, monitoring operations, reporting, empanelment, liaising with back office of institutional cum HNI clients, other day to day back office work wrt Depository Participant and Stock Broking.

EXPERIENCE

Duties you'll be entrusted with:

• Responsible for regulatory compliance in a stock broking business and regulatory audit- assisting in Concurrent and Internal Audits and Inspection by SEBI/CDSL/BSE etc.
• Manage all operational processes as per regulatory framework to ensure exchange compliance.
• Facilitate preparation & timely submission of various forms, reports, and other documents to Exchanges/Depositories.
• Ensuring timely operational reporting related to Exchanges and SEBI like daily margin reporting of clients, enhanced risk-based supervision, daily monitoring of client collaterals, daily margin statements, other periodic submissions, etc.
• Assisting in ensuring exchange / DP-related compliances applicable to the Company under SEBI Act, SCRA, Rules, Regulations & Bye-laws of Exchange and Circulars issued by SEBI/CDSL/BSE from time to time.
• Assisting in handling Investor Grievances as per regulatory guidelines.
• Reviewing & updating company forms and internal documents in line with applicable stock broking / DP guidelines.
• Liaising with Exchanges, Depositories for routine matters.
• Ensure process-oriented, TAT-driven process as per defined SOP.
• Mentor and monitor the team to ensure a high level of accuracy and timely execution.
• Handling regulatory audits of SEBI, Exchanges, etc.
• Any other compliance matters as assigned from time to time.

Expectations from you:

Basic Requirements

• Education: CS / LLB degree.
• Experience: Minimum of 12-15 years of experience in the stock broking industry.
• Knowledge of DP and Stock broking back office and compliance with SEBI Regulations (Stock Broking, Merchant Banking, Invest Advisory) 5 years or more.
• Excellent organizational skills, including time management, record keeping, self- scheduling, and follow up.
• Expertise to draft clear and professional correspondence and other documents of a legal, compliance
• and business nature.
• Flexibility and ability to prioritize tasks and manage multiple tasks within compressed timelines.